Podcasts Other The Mike Hosking Breakfast Gareth Kiernan: Infometrics Chief Forecaster expects unemployment rate to hit 4.3 percent by the end of the year

Gareth Kiernan: Infometrics Chief Forecaster expects unemployment rate to hit 4.3 percent by the end of the year

Published: Feb. 2, 2023, 6:32 p.m.

An economic consultancy group says a recession is inevitable.

That's despite Finance Minister Grant Robertson saying it isn't a foregone conclusion.

Infometrics says while recent GDP growth was higher than expected, \xa0it probably won't continue as sectors like construction slow down.

Chief Forecaster Gareth Kiernan says it will also lead to job losses.\xa0

He expects the unemployment rate to hit 4.3 percent by the end of the year.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.